Jason Njoku's iROKO Partners Raises $8 million in Funding

iRoko Partners, a Nigerian based, digital distributors of Nigerian music and movies and one of the largest and fastest growing black owned internet companies, has raised $8 millions in funding from Tiger Global, a hedge fund run by an early Facebook and Zynga investor.

The company was founded by <link http: www.blackentrepreneurprofile.com profile-full archive february article jason-njoku _top of jason>Jason Njoku, 31, a Manchester University graduate. He told <link http: www.forbes.com sites mfonobongnsehe tiger-global-backs-nigerian-internet-entepreneur-in-8-million-round _blank external-link-new-window external link in new>Forbes.com, "Strangely enough, I never wrote a business plan. I never had to pitch to any VCs. I wasn’t even fundraising. After our story was told by Sarah Lacy (formerly of Techcrunch), FORBES, CNBC Africa, Variety and CNN we were inundated with funding inquiries and offers. All inbound. Tiger Global Management, a $9 billion NYC based venture and private equity fund, led the round; they believed [in] our vision. A very simple vision: bringing Nigerian entertainment online. I have always been of the opinion if you build something totally awesome. Investors will find you."

iRoko's sites currently gets 3 million unique visitors from 178 countries spending on average 5-6 hours per month. The firm is YouTube’s biggest partner in Africa, boasting over 152 million views in 2011. They also have lucrative content distribution deals with Dailymotion, iTunes, Amazon and Vimeo. iRoko currently generate all revenue from advertising but will introduce a subscription based model starting this summer.

Based on my personal experience, I think iRoko's distribution platform has the potential to become the largest digital distributor of black focus content. Among the people I personally know, who whach iRoko TV, none have a Nigerian background. This opens the door for iRoko to distribute other niche content from across the global African and Caribbean community.

Please Support Our Sponsors
Become a sponsor.

You’re reading BlackEntrepreneurProfile.com -- experts who research black executives, entrepreneurs and their surrounding ecosystem, on a weekly basis. Be sure to check out our homepage for all the latest profiles and news, and follow Black Entrepreneur Profile on Twitter, Facebook, and Instagram to stay updated. Start by checking out some of our exclusive collections, Black Billionaires and Black Fortune 500 CEOs.

Latest News & Articles

Rihanna Fenty

Rihanna's lingerie company Savage X Fenty, known for its inclusivity of all body types, is reportedly planning a public offering at a reported $3…

Serena Williams, tennis champion and successful businesswoman and partner Alison Rapaport Stillman has raised a new fund, Inaugural Fund with $111M in…

Robin Rihanna Fenty

Robin Rihanna Fenty, the multi talented Barbadian entrepreneur, known best for her multi platinum selling music career, has raised $125 million for…

Frank Clyburn

International Flavors & Fragrances announced on January 20, 2022, the appointment of Frank Clyburn, an accomplished leader and operational executive,…

Sean Combs

Mr. Combs, 52, won back ownership with a $7.55 million bid in an auction to save Sean John from bankruptcy, according to court documents. Mr. Comb's…

Recently Added Black Executives

Sarah Mensah

Occupation: Businesswoman; Position: VP, General Manager; Company: Nike North America; Industry: Retail, athletic footwear, apparel, equipment,…

Tiger Woods

Born: December 30, 1975, Cypress, California; Occupation: Businessman, Professional Athlete; Position: Founder, CEO; Company: TGR Ventures; …

LeBron James

Born: December 30, 1984, Akron, Ohio; Occupation: Businessman, Professional Athlete; Position: Co-Founder; Company: SpringHill Company; …

Bill Spruill

Born: Goldsboro, North Carolina; Occupation: Businessman; Position: Co-founder & President; Company: Global Data Consortium; Industry:…

Yannick Lefang

Born: France; Occupation: Businessman; Position: Founder & CEO; Company: Kasi Insight Inc.; Industry: Market Research; Residence: Canada; …

FTC: Black Entrepreneur & Executive Profiles is reader supported, we may earn income on affiliate links. You support us by using our links to buy products, it will cost you nothing extra.

We also a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

Learn more...